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Business Description

Business
Hilton Smythe welcomes to the market K&P Newsagents.

There has been a Newsagents at this site since the 1960’s and the current owner has run it successfully and lucratively for the last ten years or so. The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to relocate to Cornwall.

The business as the name suggests sells Newspapers and Magazines as well as;

Additionally, the business accepts parcels, has a Pay zone terminal (approx. £1000 per week) and is an agent for the Health Lottery and Lotto (circa £1000 per week). The business has a particularly impressive news bill of approximately £2000 and has four morning delivery rounds.

The business has a significant number of regular customers many of whom are known on a first name basis by the current owner who is a popular and well-respected member of the local community.

Location
K&P Newsagents Located in Binley Woods in the county of Warwickshire.

Binley Woods is a village and civil parish in the Rugby Borough of Warwickshire. The village lies inside the built-up area of Coventry but falls outside the formal city boundaries.

The village is located 5 miles to the east of central Coventry on the A428 road next to the junction with the A46 road.

The village boasts one public house, The Roseycombe.

K&P Newsagents is ideally situated at the start of the villages parade of shops which is a vibrant and well used shopping centre and as such benefits from high levels of footfall and passing trade.

The business sits alongside other complimentary retail businesses such as a Butchers, Hairdressers, Chinese Takeaway and Chemist.

The business is surrounded by densely populated residential housing which is mostly privately owned and highly sought after. The business is nicely presented with clear visible signage and free on street parking immediately outside as well as free carpark to the side.

Premises
The business occupies two floors of an end terraced retail unit with accommodation above and briefly comprises.

To the rear of the shop is generous stock Room with perimeter shelving and ample floor storage space and a kitchenette and WC.

First Floor

To the first floor is a good sized 2 bedroom flat with kitchen, bathroom and living room. The flat has a separate entrance and is currently rented out achieving an annual rent of £4800.

Tenure
We are advised that K&P Newsagents is being sold as a leasehold business opportunity.

The current lease is arranged on a monthly rolling basis and the rent is an extremely reasonable £13,000 per annum which includes the living accommodation above. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

We are advised that the business benefits from being exempt from business rates and none were payable at the time of instruction.

Find out more about this business opportunity.

Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?

YesNo

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Remember me?

Please tick if you consent to being contacted by email from Daltons Business and carefully selected 3rd party services. Note we do not sell, rent or share your data with third parties without your consent

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.